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  1. Asia to take a beating if recession hits anew

    Posted Oct 12th 2011, 12:00am

    ... financial problems in the euro zone, triggered by a Greek default. 'In the next six months, the decline in trade could be 10-15 per cent globally. In Asia it would be slightly less and China ... zone's financial woes would not be lifted until at least December when the International Monetary Fund would be due to decide whether to release Euro8 billion in aid to Greece. Kwan also doubted ...

  2. News - China

    Qianhai economic zone chief says it won't compete with Hong Kong

    Posted Jun 28th 2013, 12:00am by George Chen

    ... George Chen in Qianhai, Shenzhen george.chen@scmp.com The chief of the new economic zone says it won't compete with neighbour Hong Kong in playing an experimental role for a freer flow of the yuan Plenty of room for Hong Kong in Qianhai The 15-square-kilometre site of the Qianhai special economic zone looks more like a construction site than a booming financial centre. ...

  3. Analyst urges quick integration

    Posted Apr 20th 2012, 12:00am

    ... to speculation that the US may increase interest rates in 2014, Leung said the slow recovery pace in the world's biggest economy and the unresolved euro-zone debt crisis meant higher interest rates were unlikely. He said it could take more than 10 years to fix the euro zone's high-cost structures in order to boost the competitiveness of their economy, which would continue ...

  4. Business - Economy - ECONOMY

    Qianhai- a small zone with a big role

    Posted Jan 29th 2013, 12:00am by Anita Lam

    ... zone with a big role Qianhai, in Shenzhen, may be the smallest of the dozen experimental zones on the mainland- which include Nansha in Guangzhou and Hengqin in Zhuhai- but its role is arguably ... reserved Qianhai- a 15 square kilometre area on the bay in the western part of the city- as a potential backup development zone for Shenzhen's budding economy. There were plans to turn ...

  5. News - China - ECONOMY

    Qianhai experimental zone won't be expanded, says Shenzhen mayor

    Posted Jan 28th 2013, 12:00am by Minnie Chan

    ... Minnie Chan minnie.chan@scmp.com Qianhai zone won't be expanded, says mayor The Qianhai experimental zone near Shenzhen will not be expanded, as the pilot project will focus instead ... value-added modern service industrial zone. As for the issue of expansion, we have not touched on that yet," Xu said at a media briefing when asked about speculation that officials overseeing ...

  6. News - China - BANKING

    Hong Kong banks may extend yuan loans to firms in Shenzhen's Qianhai zone

    Posted Dec 28th 2012, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Yuan loans from HK for firms in Qianhai Firms in Shenzhen's Qianhai development zone will be allowed to borrow directly from Hong Kong banks in yuan, ... Banking Corporation and Industrial and Commercial Bank of China. Since 2010, Shenzhen has aspired to turn Qianhai - a 15 square kilometre zone west of the city - into a services industry hub. ...

  7. Stocks stay popular amid poor investment options

    Posted Apr 24th 2012, 12:00am

    ... the euro-zone sovereign debt crisis, a survey has found. About one in three adults in Hong Kong is involved in some kind of investment, and 77 per cent invest in the stock market, according to a survey ... economic zone to borrow from Hong Kong lenders, including through the issue of yuan-denominated bonds. Total yuan deposits in Hong Kong have started to fall after investors realised ...

  8. UPS adding extra flights to Europe despite euro crisis

    Posted May 19th 2010, 12:00am by Charlotte So

    ... from Hong Kong and Shenzhen to Europe in July, despite the steep depreciation in the euro stemming from the Greek debt crisis. The company said it would add one weekly flight each from Hong ... nations such as France and Germany are remaining very strong and England is isolated from the euro crisis,' Brutto said. Greece and Spain, which are at the heart of the euro crisis, ...

  9. Guangdong free-trade zone plans criticised

    Posted May 09th 2012, 12:00am

    ... Fiona Tam fiona.tam@scmp.com The three experimental development zones in Guangdong have agreed to set up joint conferences to solve problems ranging from vicious competition among them ... five-year plan for 2011 to 2015 as testing grounds for new free-trade-zone plans, signed the agreement in Nansha on Monday. They plan on strengthening communication on industrial strategies, ...

  10. Air cargo firm plans HK$100m IPO

    Posted Dec 23rd 2011, 12:00am

    ... Anita Lam anita.lam@scmp.com Air freight forwarder ASR Holdings is the latest company to seek a listing in the Hong Kong stock market, with a plan to raise more than HK$100 million by the end of the year to fund expansion in Asia and Europe. While air cargo has declined since April and the euro-zone debt crisis has hit aviation in general, ASR said its volume has gone up. ...




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